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  2. Share Prices
  3. Premier African Minerals Share Price
  4. Premier African Minerals Share News
  5. IN BRIEF: Premier African Minerals turns to annual loss

Pin to quick picksPremier African Minerals Share News (PREM)

Premier African Minerals Information

Share Price Information for Premier African Minerals (PREM)

London Stock Exchange
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Share Price: 0.109
Bid: 0.105
Ask: 0.113
Change: 0.009 (9.00%)
Spread: 0.008 (7.619%)
Open: 0.10
High: 0.1115
Low: 0.097
Prev. Close: 0.10
PREM Live PriceLast checked at -

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IN BRIEF: Premier African Minerals turns to annual loss

Fri, 30th Jun 2023 17:26

Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Turns to annual pretax loss of USD5.8 million in 2022, from a profit of USD2.3 million a year prior. Posts no revenue in either year as the company is in a pre-revenue stage. Looking ahead, Acting Chair & Chief Executive Officer George Roach says: "I expect that Premier other projects will start see receiving serious attention in the coming year with a view to realising a return that is closer to our original investments than the value we now have elected to include these in our accounts."

Current stock price: 0.41 pence, up 15% on Friday

12-month change: up 29%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
25 Aug 2023 11:01

Premier African raising £4m as it advances Zulu project

(Sharecast News) - Premier African Minerals announced a decision to raise £4m before expenses on Friday, to help with the ongoing development of Zulu.

Read more
23 Aug 2023 10:00

IN BRIEF: Premier African announces spodumene recovery at Zulu plant

Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Notes 81% recovery of spodumene in the Zulu lithium and tantalum project. Says flotation test work has been carried out by the Centurion, South Africa-based Geolabs Global Pty Ltd. Adds installation of RHA Mill at Zulu is underway, with completion and commissioning expected within the next month. Says new target levels should be attainable by November.

Read more
15 Aug 2023 16:35

IN BRIEF: Premier African Minerals agrees amended deal with Cannax

Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Signs amendment to offtake and prepayment agreement previously agreed with Canmax Technologies Co Ltd in August 2022. This restores the working arrangements between Premier and Canmax and the force majeure and default notices have been withdrawn. Amendments include a revised product supply schedule in respect of the prepayment of USD34.6 million plus accrued interest, and a revised hybrid pricing agreement. Premier and Canmax will share in the profit from production by Canmax of lithium hydroxide from SC6 supplied by Premier.

Read more
15 Aug 2023 16:34

China's Canmax resolves lithium offtake dispute with Premier African Minerals

HARARE, Aug 15 (Reuters) - China's Canmax Technologies and Premier African Minerals have resolved their dispute over a lithium concentrate supply contract that was delayed by a defective processing plant, the two companies said on Tuesday.

Read more
15 Aug 2023 16:33

IN BRIEF: Premier African Minerals agrees amended deal with Canmax

Premier African Minerals Ltd - Zimbabwe-focused tungsten producer - Signs amendment to offtake and prepayment agreement, previously agreed with Canmax Technologies Co Ltd in August 2022. This restores the working arrangements between Premier and Canmax and the force majeure and default notices have been withdrawn. Amendments include a revised product supply schedule in respect of the prepayment of USD34.6 million plus accrued interest, and a revised hybrid pricing agreement. Premier and Canmax will share in the profit from production by Canmax of lithium hydroxide from SC6 supplied by Premier.

Read more
31 Jul 2023 19:47

TRADING UPDATES: Byotrol loss widens, Surface Transforms sales grow

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
21 Jul 2023 09:31

Premier African Minerals shares jump with GBP1.7 million loan facility

(Alliance News) - Premier African Minerals Ltd said on Friday that it had entered into an unsecured loan facility agreement with George Roach, its acting chair and chief executive officer.

Read more
20 Jul 2023 14:05

Premier African still in talks with Canmax over Zulu; shares fall

(Alliance News) - Premier African Minerals Ltd on Thursday said it remains in discussions with Canmax Technologies Co Ltd over the Zulu offtake and prepayment deal, but noted nothing has been agreed at this time.

Read more
10 Jul 2023 07:40

Sinomine completes $300 mln Zimbabwe lithium projects

HARARE, July 10 (Reuters) - China's Sinomine Resource Group on Monday said it has completed the construction of a spodumene concentrate plant at its Zimbabwe lithium mine, as Chinese battery minerals producers ramp up output in the African country.

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5 Jul 2023 18:46

China's Huayou commissions $300 mln Zimbabwe lithium plant

GOROMONZI, Zimbabwe, July 5 (Reuters) - Zhejiang Huayou Cobalt on Wednesday commissioned a lithium concentrator in Zimbabwe as it seeks to consolidate its position as one of the world's top battery materials producers.

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30 Jun 2023 18:48

Premier wants to resolve lithium supply spat with China's Canmax

HARARE, June 30 (Reuters) - Premier African Minerals wants to resolve its lithium supply dispute with China's Canmax Technologies, the miner said on Friday, seeking to avert a lengthy legal battle that could disrupt operations.

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29 Jun 2023 17:59

TRADING UPDATES: Vertu Motors "optimistic"; Atrato in Ovo Energy deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
26 Jun 2023 11:00

Premier African Minerals shares plunge on force majeure notice

(Alliance News) - Premier African Minerals Ltd on Monday announced it has issued a force majeure notice to Canmax Technologies Co Ltd due to issues at its Zulu lithium and tantalum project plant.

Read more
26 Jun 2023 10:06

AIM WINNERS & LOSERS: Premier African plunges on force majeure notice

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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